Been noticing a wild trend lately - turns out a lot of the youngest millionaires in America are basically ghosting California and New York. Like, California still has the most (184k households earning over $200k), but they're bleeding people. Over 3,200 young high earners just left the Golden State last year alone.

Why? The math is brutal. California's income tax is 10.3% on top of everything else, and then you've got mansion taxes on properties over $1M that can go up to 16% depending on where you are. When you're already making good money, that adds up fast.

So where are these youngest millionaires going? Florida's been the big winner - gained almost 1,800 net. Arizona, Colorado, Tennessee picking up steam too. Washington state's also seeing inflow. The pattern is pretty obvious: no state income tax, lower cost of living, and you get to keep more of what you make.

Even New York's losing people, though slower. The wealth migration is real - when you're young, making serious money, and thinking long-term, the tax burden actually matters. It's not just about earning anymore, it's about where you can actually keep your wealth growing without the government taking a massive chunk.